LDK Solar to raise $25.79 million in private placement

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Abstract:

LDK Solar Co., Ltd., a China-based manufacturer of multicrystalline solar wafers used to produce solar cells, has agreed to raise $25.79 million through a private placement of 4,374,315 ordinary shares at a price of $5.8958 per share from its controlling shareholder LDK New Energy Holding Limited.

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